Associates

Associates

MFIN rolled out its Associateship programme in January 2014. This was done with the understanding that stakeholders other than NBFC-MFIs who have a lasting bearing on the financial inclusion dialogue and are of immense value to the sector need to interact and work with each other to fuel the larger goal of financial inclusion. The Associates are a valuable part of MFIN’s construct and there is a constant dialogue with them at various forums including at the state and district levels. MFIN includes the following institutions in its Associateship programme – Banks, NBFCs, Housing Finance Companies, Insurance Companies, Business Correspondents, Private Equity Social Investors, Think Tanks and Foundations.

Associate Subscription Fee

  1. One time Application Fee : INR 51,000
  2. Subscription fee Structure
Associate category Subscription Fee (INR)
Small Finance Banks 10,00,000
Banks – All scheduled Commercial Banks (SCBs), State Cooperative Banks an Regional Rural Banks 6,00,000
NBFCs – (direct lending) 6,00,000
NBFCs – (whole sale) 5,00,000
Housing Finance Companies – NHB recognized 5,00,000
Insurance Companies 5,00,000
Private Equity Social Investors – All investors VC/PE funds approved by SEBI 5,00,000
Payment Banks 2,00,000
Credit Bureaus – RBI recognized 2,00,000
Clean Energy Companies 2,00,000
Fintech & Telecos Companies 2,00,000
DFIs – Domestic and International. Bilateral and multilateral agencies 2,00,000
Rating agency – RBI recognized credit rating agencies 1,00,000
Think Tanks – National & International think tanks engaged in economic & banking policy issues including financial inclusion 1,00,000
Foundations – Domestic & International 1,00,000
Banking Correspondents – All recognized BCs of SCBs 1,00,000
Details Enclosures
Reference for Assocaite Application Form Download